As Europe struggles to cope with an overwhelming migrant crisis, Egyptian telecommunications tycoon Naguib Sawiris as offered to buy an island on the Mediterranean to house the world’s refugees.

“No sane person with integrity would look at the news and decide not to take action,” he said in a TV interview on the CBC channel.

The billionaire said in a TV interview he would approach the governments of Greece and Italy with his proposal, and told the AFP his idea was feasible.“You have dozens of islands which are deserted and could accommodate hundreds of thousands of refugees,” Sawiris said.

Instead of being treated like “cattle” as they are now, he said the refugees would be treated “like human beings.”

Greece or Italy sell me an island,ill call its independence and host the migrants and provide jobs for them building their new country

While Sawiris estimates an island off the coast of either country to cost between $10 million and $100 million, he says the bigger investment would be the infrastructure—including housing, schools, hospitals, and universities. Eventually, when things improve in the refugees’ homelands, they could return as they please.

This is not the first time an affluent businessman has wanted to take the refugee crisis in his own hands. Earlier this year, Silicon Valley real estate mogul Jason Buzi launched an initiative to create a separate country for the world’s refugees—a pluralist, capitalist democracy with a “strong work culture.”